Ownerships

Wow... a couple of days away from looking at the Ownerships discussion board and I return to see the post regarding the state of the Ownerships company by the person asked to sort out the situation. As I read in Ownerships will shortly be in liquidation - not even administration .

I really truely feel for those who were so happy with the scheme as we were - it was a great way to extend your boating. It seems, and this is my interpretation, we had a Robert Maxwell of the canals and so many were taken in by his apparent business acumen when in fact he was seemingly using money that was not his to maintain and develop schemes to feed his ambition to be a someone in the canals.

There are people who will have put big money down for boats that will never be produced or finished without further money being found, what an introduction to boat ownership for those people.

I'm not sure what this says about shared ownership schemes, challenger and Ownerships both now defunct and those two were the biggest in my understanding. I would guess that the owners of the boats will be rallying to operate them themselves, something that can be done and might be the best way forward if there is one of two owners who can give more time to organise and plan.

RIP Ownerships - we had a great few years with NB Sylph. The scheme feed our desire for boating to the point we got our own. I hope that those affected find a way out of the mess which includes keeping them on the cut.

Nev